China
ChangXin Memory Technologies, Inc. is a dynamic random-access memory (DRAM) semiconductor manufacturer, aiming to enable the information society and improve human lives with memory technology. Founded in 2016 and based in Hefei, Anhui, in eastern China, the company is a leading integrated design and manufacturing firm in the fast-growing market for mobile devices, smart phones, video game consoles, virtual reality products, PC/laptop memory modules, and advanced home appliances.
Privately owned, CXMT is the largest DRAM integrated device manufacturer (IDM) in mainland China, with its products being produced and sold in the consumer marketplace. The company emphasizes innovation with about 60% of its workforce involved in research and engineering, resulting in robust domestic and international patent filings.
Notably, leading Chinese memory module makers utilize CXMT DRAM products domestically. The company fabricates its own wafers and leverages advanced technologies for efficacy testing. Maintaining a startup culture, CXMT is committed to meeting market demands with reliable products and service, promoting pioneering technologies to empower an information society and enhance human lives through memory technology.
The latest funding round saw CXMT secure a CNY10.80B Venture Round investment on 30 March 2024, with financial backing from Gaoxin Capital, Tiefa Capital, and Gage Finance. This significant investment reaffirms investor confidence in the company's capabilities and potential for further growth within the semiconductor and manufacturing industries.
